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HIPAA stands for Health Insurance Portability and Accountability Act. A HIPAA release and authorization allows individuals to permit healthcare providers to share their protected health information (PHI) with third parties under federal privacy rules. Generally, healthcare providers cannot disclose PHI to anyone besides the patient or the patient's agent without authorization. HIPAA safeguards an individual's past, present, or future physical or mental health conditions, healthcare provisions, and related payment information. An authorization must specify the purpose for which information may be used, describe the information to be disclosed, and identify the parties involved in the use or disclosure.